Equinix, Inc. (NASDAQ:EQIX – Get Free Report) insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equinix Stock Performance
Equinix stock opened at $1,082.61 on Friday. The stock has a fifty day moving average price of $1,052.47 and a 200 day moving average price of $1,022.18. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The firm has a market capitalization of $106.82 billion, a P/E ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the business earned $9.91 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Announces Dividend
Hedge Funds Weigh In On Equinix
A number of hedge funds have recently made changes to their positions in EQIX. Avion Wealth boosted its position in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Equinix during the fourth quarter worth about $30,000. Physician Wealth Advisors Inc. boosted its position in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after buying an additional 24 shares during the period. Finally, WPG Advisers LLC boosted its position in shares of Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. HSBC reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Equinix in a research report on Friday, August 14th. The Goldman Sachs Group boosted their price target on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Mizuho upped their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Cantor Fitzgerald raised their price objective on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.
View Our Latest Analysis on EQIX
About Equinix
Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.
Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.
Featured Articles
- Five stocks we like better than Equinix
- Moderna’s 177% Surge Has Investors Asking What Comes Next
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.
